Continental AG CTTAF
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests, click here .
Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Company Profile
Continental is a global auto supplier and tiremaker. Operations include chassis and safety, powertrain (Vitesco after the spin-off to shareholders), interior, tires, and ContiTech, which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was 60% of Continental's total business while the rubber group was 40% (tires 27% and ContiTech 13%). Continental's largest markets are Europe excluding Germany, North America, and Asia, accounting for about 30%, 26%, and 22% of 2019 revenue, respectively. On its own, Germany accounted for 19% of revenue. The company's top five customers are Daimler, Fiat Chrysler, Ford, the Renault-Nissan-Mitsubishi alliance, and Volkswagen, representing about 39% of total revenue.
Hanover, 30165, Germany